PTC Inc. (NASDAQ:PTC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of PTC Inc. (NASDAQ:PTC) by 174.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,431 shares of the technology company’s stock after purchasing an additional 76,499 shares during the quarter. Fisher Asset Management LLC’s holdings in PTC were worth $22,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its position in PTC by 2.7% during the 3rd quarter. State Street Corp now owns 5,076,319 shares of the technology company’s stock valued at $917,088,000 after purchasing an additional 133,370 shares during the period. Geode Capital Management LLC boosted its position in PTC by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,961,897 shares of the technology company’s stock worth $533,341,000 after acquiring an additional 37,645 shares during the period. Fernbridge Capital Management LP boosted its position in PTC by 83.7% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,429,005 shares of the technology company’s stock worth $258,164,000 after acquiring an additional 650,990 shares during the period. Franklin Resources Inc. boosted its position in PTC by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,096,837 shares of the technology company’s stock worth $203,463,000 after acquiring an additional 30,525 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in PTC by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 924,456 shares of the technology company’s stock worth $167,012,000 after acquiring an additional 150,652 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

PTC has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on PTC from $202.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price target on PTC from $182.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com lowered PTC from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. upped their price objective on PTC from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, KeyCorp upped their price objective on PTC from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.09.

Insider Activity at PTC

In related news, EVP Staats Aaron C. Von sold 5,373 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $200.13, for a total transaction of $1,075,298.49. Following the transaction, the executive vice president now directly owns 21,707 shares of the company’s stock, valued at approximately $4,344,221.91. The trade was a 19.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by insiders.

PTC Stock Down 1.9 %

Shares of PTC stock opened at $160.56 on Tuesday. The stock’s fifty day moving average is $179.48 and its 200-day moving average is $182.95. The firm has a market capitalization of $19.32 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. PTC Inc. has a 12-month low of $159.56 and a 12-month high of $203.09.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. Equities analysts anticipate that PTC Inc. will post 4.46 earnings per share for the current year.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.